The impact of COVID-19 led to "devastating" reversals of global gains in education, poverty eradication, vaccinations, and maternal and child health, according to the findings from the Bill & Melinda Gates Foundation's annual Goalkeepers report, which were shared exclusively with "Axios on HBO."

Why it matters: The coronavirus is proving to be more than just a health crisis, thrusting millions into poverty.

"Basically, eight months of COVID reversed gains in almost every category that had been made steadily over the last couple of decades," Melinda Gates told me in an interview for "Axios on HBO."

  • Over the last year, 37 million people fell below the $1.90 a day poverty level. "It's the difference between being able to put food on your table or not put food on your table and go hungry," Gates said.
  • With regards to existing vaccinations, the coronavirus has erased all the progress the world has made in the last two and a half decades. "What we know is that 25 years of increased vaccinations that have saved children's lives all over the world was set back in 25 weeks."

Yes, but: There was one area where the world did see progress. The number of people with bank accounts expanded as the pandemic forced governments around the world to find ways to get stimulus money to their populations.

  • Gates said that gain should prove lasting and the importance of getting more money to women is particularly important.
  • "When the cash transfer payment goes into the hands of a woman, it's far more effective," Gates said. "She spends it on the health of her family. She spends it on food."

Go deeper

Sep 29, 2020 - Health

Axios-Ipsos poll: Americans won't take Trump's word on vaccine

Data: Axios/Ipsos survey; Note: Margin of error for the total sample is ±3.2%; Chart: Axios Visuals

Barely two in 10 Americans would take a first-generation coronavirus vaccine if President Trump told them it was safe — one of several new measures of his sinking credibility in the latest wave of the Axios-Ipsos Coronavirus Index.

Details: Given eight scenarios and asked how likely they were to try the vaccine in each case, respondents said they'd be most inclined if their doctor vouched for its safety (62%), followed by insurance covering the full cost (56%) or the FDA saying it's safe (54%).

18 hours ago - World

U.K. beats previous record for new coronavirus cases

British Prime Minister Boris Johnson at Exeter College on Sept. 29. Photo: Finnbarr Webster/Getty Images

The U.K. reached a new high for total positive coronavirus cases this last week, per the country's Health Ministry, and reported a record number of COVID-19 infections in the last 24 hours, per the BBC.

Driving the news: Top scientific advisers warned last week that the U.K. could see up to 50,000 coronavirus cases per day by mid-October if current growth continues.

Erica Pandey, author of @Work
14 hours ago - Economy & Business

United States of burnout

Illustration: Aïda Amer/Axios

Postponed vacations, holidays in isolation and back-to-back virtual meetings are taking a toll on millions of American workers.

Why it matters: As we head into the fall, workers are feeling the burnout. Such a collective fraying of mental health at work could dampen productivity and hinder economic growth across the country.

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